Polaris Industries reported a 28.1% increase in motorcycle retail sales over the third quarter of 2014, thanks to increased sales of Indian motorcycles.
Motorcycle sales generated $63.3 million in revenue over the quarter, up from $49.4 million in the same quarter of 2013. Indian’s expanding dealer network contributed to the increase, as did the introduction of the Scout. The news was less positive for Victory Motorcycles however, which saw a decrease in the “mid-teens percent” due in part to delays in shipping out the new Magnum bagger.
Polaris also reported strong interest in the Slingshot. Polaris says 360 dealers have signed on to sell the three-wheeler with shipments expected to begin in the next 30 days.
Overall, Polaris reports a net income of $140.8 million over the quarter compared to $113.1 million reported in the same quarter last year.